Reynders, Mcveigh Capital Management, LLC (Boston)

Name: Reynders, Mcveigh Capital Management, LLC
Address: 121 High Street, Boston, MA, 02110
Telephone: 617-226-9999

Reynders, Mcveigh Capital Management, LLC is a large advisory firm based in Boston. It manages $1.93 billion of regulatory assets for 1,470 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Reynders, Mcveigh Capital Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Reynders, Mcveigh Capital Management: assets under management

The assets under management (AUM) of Reynders, Mcveigh Capital Management, LLC is $1.93 billion. The firm's AUM has grown by 3014% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.73 billion in discretionary accounts and $194.12 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.24 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.9 million.

Reynders, Mcveigh Capital Management has custody of $139.25 million in cash and securities for 43 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 54% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 18% of the firm’s portfolio. Investments in state and local bonds form 14% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Reynders, Mcveigh Capital Management, LLC for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Reynders, Mcveigh Capital Management serves?

The firm provides services to individuals, investment companies, charitable organizations, other investment advisers, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Reynders, Mcveigh Capital Management is high net worth individuals with 952 clients and $1.3 billion of assets under management. Among the 9 most similar advisory firms, Reynders, Mcveigh Capital Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.54 billion for 1,465 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Reynders, Mcveigh Capital Management doesn't advise any private funds.

Careers at Reynders, Mcveigh Capital Management, LLC

The company employs 25 people that are either part- or full-time employees. 56 percent of the employees work as investment advisers or researchers. 14 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Charlton Reynders	Managing member/chief compliance officer	1 Sep 2005	50% - 75%	2614296
Patrick Joseph Mcveigh	Managing member	1 Oct 2005	50% - 75%	2709338
Patrick Johnson Mcveigh	Managing member	1 Oct 2005	50% - 75%	2709338
Thomas Michael Roche	Chief operating officer	1 Jul 2012	Other	2708983
Susan Mullen Bremer	Chief compliance officer/chief financial officer	1 Oct 2015	Other	2232555

Based in Boston

The principal office where Reynders, Mcveigh Capital Management, LLC performs its advisory services is located at 121 High Street, Boston, MA 02110, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 617-226-9999 or by fax 617-226-9998. The normal business hours are 9am to 5pm on Monday - Friday. You can find more information about the New York firm at reyndersmcveigh.com.